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> Free Online Banking Without ATM/Debit Card Fee, Tips how to use free online banking (Banking)

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Nom-el
post Feb 11 2019, 12:54 PM

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QUOTE(BoomChaCha @ Feb 7 2019, 10:41 PM)
If I cancel my RHB ATM card, can I still use RHB internet banking?

Am bank told me if I cancel my ATM card, I will not be able to use the internet banking, is this true?
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I am still able to use Ambank internet banking after closing my savings account and cancelling my debit card but I have credit card with them.


QUOTE(mrhseinpingq @ Feb 10 2019, 06:02 AM)
But if want debit card, will charge RM 8
And if want Internet banking, must have debit card. (Except Affin bank which give virtual debit card)
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There is no fee for the debit card if it is linked to the Basic Savings Account (BSA) with no annual fee.


QUOTE(kaiskarnz @ Feb 11 2019, 11:29 AM)
CIMB Basic Saving Account w/o Fee (No annual fee!), but there is debit card fees & charges right??

which bank does not charge for its debit card?
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All banks have Basic Savings Account (BSA) with no annual fee. You must specifically ask for the no fee option, otherwise they may open the 1 with annual fee for you. The debit card is free of charge and there is no annual fee if it is only linked to the fee-free BSA.
TS BoomChaCha
post Feb 11 2019, 10:05 PM

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QUOTE(lim2568 @ Feb 10 2019, 09:55 PM)
Bro I just open a saving account in CIMB with a debit card however was told there is annual fee of RM15. Where do you get the info?
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When I opened my CIMB saving account, I mentioned I wanted to get a basic saving account.
Below is what I get:

CIMB Bank
Saving account
So far no annual fee for ATM/Debit card
Can use CIMBClick internet banking
Max 8 ATM withdrawals, 9th withdrawal will charge me RM 0.50
Max 6 OTC withdrawals, 7th withdrawal will charge RM me 5.00

I can only use total 14 withdrawals per months, if more than 14 withdrawals, I will need to pay RM 0.50 for each withdrawal transaction
from ATM, and pay RM 5.00 for each withdrawal transaction from OTC.
mrhseinpingq
post Feb 12 2019, 06:30 PM

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Any idea Hong Leong provide free basic saving account and free internet banking?
Ramjade
post Feb 12 2019, 06:37 PM

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QUOTE(mrhseinpingq @ Feb 12 2019, 06:30 PM)
Any idea Hong Leong provide free basic saving account and free internet banking?
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Yes I am using Hong leong free basic savings account. No charge. Internet banking functioning.
mrhseinpingq
post Feb 12 2019, 06:42 PM

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QUOTE(Ramjade @ Feb 12 2019, 06:37 PM)
Yes I am using Hong leong free basic savings account. No charge. Internet banking functioning.
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Thanks for your reply.
Do you have Hong Leong debit card? that charge you RM 8 per year?
David83
post Feb 13 2019, 10:32 AM

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Is it easy to open a BSA at Citibank?
hyperzz
post Feb 13 2019, 05:02 PM

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QUOTE(David83 @ Feb 13 2019, 10:32 AM)
Is it easy to open a BSA at Citibank?
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Please give it a try and let us know.
It depends on your luck or the mood of the staff serving you.

Last time when my friend tried, he was asked to take up additional banking product, i.e. unit trust, insurance, personal loan, etc, to justify the opening of the BSA.
This is because the bank earns close to nothing for maintaining a BSA.
David83
post Feb 13 2019, 05:25 PM

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QUOTE(hyperzz @ Feb 13 2019, 05:02 PM)
Please give it a try and let us know.
It depends on your luck or the mood of the staff serving you.

Last time when my friend tried, he was asked to take up additional banking product, i.e. unit trust, insurance, personal loan, etc, to justify the opening of the BSA.
This is because the bank earns close to nothing for maintaining a BSA.
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I want the account for inward TT in USD demoniation.
Their forex is the best compared to others.
hyperzz
post Feb 13 2019, 06:05 PM

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QUOTE(David83 @ Feb 13 2019, 05:25 PM)
I want the account for inward TT in USD demoniation.
Their forex is the best compared to others.
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I would do the same if I were you. Have a BSA myself at Citibank opened many years ago. No questions asked back then.

Unlike local banks, Citibank has its own license to hold/transact in USD. This results in better exchange rate and lower fee.
HSBC and SCB also have their own USD license but they are not as generous as Citi.

David83
post Feb 13 2019, 06:15 PM

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QUOTE(hyperzz @ Feb 13 2019, 06:05 PM)
I would do the same if I were you. Have a BSA myself at Citibank opened many years ago. No questions asked back then.

Unlike local banks, Citibank has its own license to hold/transact in USD. This results in better exchange rate and lower fee. 
HSBC and SCB also have their own USD license but they are not as generous as Citi.
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I compared the rates from Citibank against HSBC and SC.

Citibank: 4.04
MBB: 4.02
SC: 4.00
HSBC: 4.00
CIMB: 3.99

*Inward TT Buy rate as of 13/02/2019 morning.
hyperzz
post Feb 13 2019, 06:40 PM

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QUOTE(David83 @ Feb 13 2019, 06:15 PM)
I compared the rates from Citibank against HSBC and SC.

Citibank: 4.04
MBB: 4.02
SC: 4.00
HSBC: 4.00
CIMB: 3.99

*Inward TT  Buy rate as of 13/02/2019 morning.
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The published rate from Citi is only indicative. From my experience, the real-time rate can be better (not always).

If you can receive ACH wire, the rate from Transferwise is even better. However, this is not workable if the transfer is from a brokerage account.

This post has been edited by hyperzz: Feb 13 2019, 06:47 PM
Ramjade
post Feb 13 2019, 07:29 PM

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QUOTE(mrhseinpingq @ Feb 12 2019, 06:42 PM)
Thanks for your reply.
Do you have Hong Leong debit card? that charge you RM 8 per year?
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Of course I have the card. Free basic account comes with the whole package. Since is free, I get the card and did not get charged.

This post has been edited by Ramjade: Feb 13 2019, 07:35 PM
beebee1314
post Feb 13 2019, 07:30 PM

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QUOTE(kaiskarnz @ Feb 11 2019, 11:29 AM)
CIMB Basic Saving Account w/o Fee (No annual fee!), but there is debit card fees & charges right??

which bank does not charge for its debit card?
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Nope. Basic savings does not charge annual fee for its debit card. I'm using it.

I have public bank and cimbbank. Both basic that don't charge annual fee
David83
post Feb 13 2019, 07:34 PM

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QUOTE(hyperzz @ Feb 13 2019, 06:40 PM)
The published rate from Citi is only indicative. From my experience, the real-time rate can be better (not always).

If you can receive ACH wire, the rate from Transferwise is even better. However, this is not workable if the transfer is from a brokerage account.
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Yes. It's from trading account.
Guess Transferwise is out from the option on the table.
beLIEve
post Feb 14 2019, 12:51 AM

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QUOTE(David83 @ Feb 13 2019, 07:34 PM)
Yes. It's from trading account.
Guess Transferwise is out from the option on the table.
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Last time I asked UOB, they say can give better rate if more than myr50k.

I wonder if can open foreign currency account and cash out with bigpay. Haven't research in details yet.
kart
post Feb 14 2019, 06:31 AM

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QUOTE(David83 @ Feb 13 2019, 05:25 PM)
I want the account for inward TT in USD demoniation.
Their forex is the best compared to others.
*
I thought that basic savings accounts offered by all banks in Malaysia should be denominated in MYR. So, is Citibank able to provide a basic savings account denominated in USD?

Thanks for the information. smile.gif
David83
post Feb 14 2019, 06:53 AM

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QUOTE(kart @ Feb 14 2019, 06:31 AM)
I thought that basic savings accounts offered by all banks in Malaysia should be denominated in MYR. So, is Citibank able to provide a basic savings account denominated in USD?

Thanks for the information.  smile.gif
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Inward TT back to Malaysia.
The final currency is MYR. Fund source is in USD.
Cookie101
post Feb 14 2019, 08:55 AM

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QUOTE(Cookie101 @ Feb 6 2019, 03:49 PM)
BI /MBB /HLB / PBB /sc / amb / uob /CIMB - all got free debit card option for internet banking.
» Click to show Spoiler - click again to hide... «


Or you can cancel the card after registration for online banking. But you cannot change phone number after that otherwise need to get another debit card as the changes can only be initiated via atm.
» Click to show Spoiler - click again to hide... «

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smile.gif
Ramjade
post Feb 14 2019, 08:57 AM

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QUOTE(David83 @ Feb 14 2019, 06:53 AM)
Inward TT back to Malaysia.
The final currency is MYR. Fund source is in USD.
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I think your best choice would be go SG and open a DBS multiplier account there. You can revived in USD from brokers straight away.
David83
post Mar 4 2019, 05:33 PM

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QUOTE(kart @ Feb 14 2019, 06:31 AM)
I thought that basic savings accounts offered by all banks in Malaysia should be denominated in MYR. So, is Citibank able to provide a basic savings account denominated in USD?

Thanks for the information.  smile.gif
*
I went to open Citibank account today.
They said they only got 1 type of saving account.
It's the only account which min deposit of RM 250 with ATM/Debit card AF of RM 8.

The process took 2 hours plus and somebody mentioned that they're really hard sell you wealth management products to upgrade you to be Citi Priority member.

This post has been edited by David83: Mar 4 2019, 05:34 PM

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